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economy. pope francis w very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people working two years with their kids is 60,000 but that is on a lot in california just with cost-of-living does not always work is great to raise minimum-wage there is too many variables that point to a clear path but ideally you do not want that of all wages and the recession you want to increase unemployment and you want those of benefits to drive wages down and the value could save that with unemployment benefits but they could never do that to adjust the problem with having a supply of that now is you want peopl
economy. pope francis w very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people...
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Dec 10, 2013
12/13
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MSNBCW
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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still holds up and we went through a difficult period in our economy but but the actual green economy has done well and i think it's a lesson for the rest of the world not and we're a good people say look at scandinavian countries not always doing the right thing maybe aren't as a nice example because we're perfect sinners as well but the same time we were able to do it and it worked how does the irish carbon tax for. you to advantage and i suppose were an island and it was fairly simple to introduce it in the sense that you put we put it at the point of entry so as annoyed ship comes into the into the port of cork and the port of dublin our culture it comes into shannon river we're able to put the tax at the point of entry and that's a big advantage because you cut out the expense of collecting those kind of kind of trick it's true the rest of the economic system so you put it on the oil tanker coming in or you put it on the coal culture and. and then it applies in in a myriad of different ways it's not a huge tax you know it accounts now for about one percent of our overall tax reve
still holds up and we went through a difficult period in our economy but but the actual green economy has done well and i think it's a lesson for the rest of the world not and we're a good people say look at scandinavian countries not always doing the right thing maybe aren't as a nice example because we're perfect sinners as well but the same time we were able to do it and it worked how does the irish carbon tax for. you to advantage and i suppose were an island and it was fairly simple to...
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in the interests of his family of both in terms of his political influence and in terms of the economy and of running a business in ukraine once again i think it's personally and it's full responsibility of all of the political crisis in ukraine that's the person who put the relationship between ukraine and russia into a very dangerous situation and that's the person who put the relationship between ukraine and their opinion into this where the future mass that we can see and so that's that's why going back to the beginning organization most of the ukrainians feel that this man should step down from his present position he's personally responsible for this mess that the country is at the moment while i miss the tank unfortunately out only time will tell whether this is going to happen but we are out of time right now i really appreciate your perspective and to our viewers if you like the show please join us again same place same time here on wall the part. i was thinking somehow i had to come back because mom was waiting for me. i just knew that everything would be fine for some reason
in the interests of his family of both in terms of his political influence and in terms of the economy and of running a business in ukraine once again i think it's personally and it's full responsibility of all of the political crisis in ukraine that's the person who put the relationship between ukraine and russia into a very dangerous situation and that's the person who put the relationship between ukraine and their opinion into this where the future mass that we can see and so that's that's...
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is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time recent protests too but assigned it to state with brussels assist with austerity pricing cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the crash greece however after four years of austerity measures designed to reduce greece's public debt has instead continued to grow to one hundred seventy five percent of g.d.p. and the biggest difference of all of course greece has the euro iceland has the freedom of their own currency. one economics professor from iceland told us he believes the country's financial model will stand the test of time within the economic literature there are those who have been proponents of not rescuing banks but rescuing household and let banks collapse so in that respect the icelandic model if we can talk about an icel
is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time recent protests too but assigned it to state with brussels assist with austerity pricing cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the crash...
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Dec 9, 2013
12/13
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KNTV
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>> janet yellen is looking at a economy that's recovered a little bit. there's no sign of inflation. on the other hand what they're doing right now is extraordinary. i don't think they really felt comfortable doing these extraordinary things the and they'd like to stop doing them as soon as they can. >> we know in washington the two sides of the aisle have not had many things that they have had in common. it looks like we could get some sort of a small budget deal. if you have murray on one side and paul ryan, the congressman. if the two of them can come up with something, even if it's a small deal, what would that do to economic growth in the first half of next year? >> certainty is never good for the economy. uncertainty driven by policy. it's certainly not good for the economy. i feel quite good that murray and ryan are on this. two serious legislatures. they want to come to a deal. it's not going to be a grand bargain. we're not going to see the fundamental restructuring that we need to see. that can will be kicked down the road as it has been. even
>> janet yellen is looking at a economy that's recovered a little bit. there's no sign of inflation. on the other hand what they're doing right now is extraordinary. i don't think they really felt comfortable doing these extraordinary things the and they'd like to stop doing them as soon as they can. >> we know in washington the two sides of the aisle have not had many things that they have had in common. it looks like we could get some sort of a small budget deal. if you have...
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Dec 5, 2013
12/13
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CNBC
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how has their economy done the past 20 years, terrible. that's the obamanomics there. >> what do you think of jim p.'s challenge? >> i think that the issue that you're missing there was really at the heart of his presentation and, again, there's very strong evidence for this, is it's not so much that inequality hurts growth, although there were references of that in terms of financial bubbles. by the way, there's good research that connects the lack of oversight and the financial problems that we had. what he was talking about was a connection between high income inequality, stagnant incomes for the middle class and diminished opportunity, diminished opportunity. that's what you have left out. that's essential because, look, the three of us will all agree that we in america don't push for equal outcomes but we do believe there ought to be some equality of opportunity. when inequality gets too high, opportunity gets squashed. >> that's wrong. i know that's the president's line that income has been stagnated for 40 years. that is, a, complet
how has their economy done the past 20 years, terrible. that's the obamanomics there. >> what do you think of jim p.'s challenge? >> i think that the issue that you're missing there was really at the heart of his presentation and, again, there's very strong evidence for this, is it's not so much that inequality hurts growth, although there were references of that in terms of financial bubbles. by the way, there's good research that connects the lack of oversight and the financial...
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Dec 10, 2013
12/13
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FBC
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i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our industry was up significantly, over the horrific years of 9 and 10, we're nowhere near close where we should be. there is a lot of pent-up demand that is still growing and there is a lot of room to grow and many, many buyers have not gotten in. so i'm not worried about a small tick in rates. i think we'll be fine. david: it is great so many people buying are doing a lot with cash. you say 30 to 35% cash. i've heard in areas of florida people are like, 50% cash in a lot of those areas of florida but is there a concern there? that is, are banks holding back
i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our...
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Dec 5, 2013
12/13
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economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that will lead into the bank of england decision, as well. >>> the japanese cabinet has approved a stimulus package worth $182 billion. we have the story from tokyo. >> hi, ross. this massive package is expected to push up the nation's real gdp by around 1%. government spending is to total around $54 billion. $13 billion or 25% of this will be allocated to help improve competitiveness of japanese industries and to strengthen metropolitan functions ahead of the 2020 tokyo olympics. the rest will be spent on things like reconst
economy. remember, that is what the chancellor has been talking about in the lead up. that's where we've seen the prime minister and his visit to china press on getting money and capital to the real economy. it may be a physically xhushl budget, but how are they going to sustain the growth we've seen in the past pew months? >> helia, thanks for that. >>> the chancellor is due to stand up and give his speech around 11:15 london time, 12:15 cet. we will cover that, as well. that...
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Dec 9, 2013
12/13
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CSPAN
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the economy. the income equality has been rising and increasing. i think this is a real problem. stagnant wages and income growth is not keeping pace. budget there are federal policies that can address that. i am not the economists i -- ably should not when those on our line for democrats. -- wendell is on the line for democrats. the problem is -- inment has overspent could balance the budget probably in 10 days. our overpaid politicians cannot do that. in the meantime they are sending the jobs overseas. why we do not have any insurance. 's jobs went overseas and we don't have the health insurance to pay for. host: your thoughts he e -- your thoughts? guest: rising health care costs are problem -- are a problem all the way around. we are going through a restructuring of the health care system now with the affordable care act. we are going to have to see how that plays out. your first comment, i agree with it. we have a structural imbalance between what we spend and what we take in. not making the
the economy. the income equality has been rising and increasing. i think this is a real problem. stagnant wages and income growth is not keeping pace. budget there are federal policies that can address that. i am not the economists i -- ably should not when those on our line for democrats. -- wendell is on the line for democrats. the problem is -- inment has overspent could balance the budget probably in 10 days. our overpaid politicians cannot do that. in the meantime they are sending the jobs...
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it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end u both in the markets and economy? >
it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine,...
1,589
1.6K
Dec 2, 2013
12/13
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LINKTV
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a market economy does have its own principle of income distribution. a market economy pays people more the mo economically productive they are. this principle probably keeps the productive process running rather smoothly, and this ultimately provides more abundance for all of us. however, many people can get left out in this process-- for instance, people who att both poor and ill. when a poor person gets seriously ill, his already low productivity suffers a severe blow while his need for support mounts sharply-- often catastrophically-- given today's momeal medical costs. the medicaid program says, in effect, that this burden is too great r any individual to bear by himself. the market mayave a just appreciation of abilities, but it doesn't have a just appreciation of needs. society has to step in. there is always some cost to this. when you start redistributing income, you're increasing tax burdens on the economically more productive groups in the economy. medicare and medicaid programs have a tendency to up medical costs generally. as in many econom
a market economy does have its own principle of income distribution. a market economy pays people more the mo economically productive they are. this principle probably keeps the productive process running rather smoothly, and this ultimately provides more abundance for all of us. however, many people can get left out in this process-- for instance, people who att both poor and ill. when a poor person gets seriously ill, his already low productivity suffers a severe blow while his need for...
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Dec 5, 2013
12/13
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CNBC
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drag on our economy. i think the gdp numbers holly just talked about in terms of what's going to happen first and second quarter of next year, i think that's completely accurate. what's really interesting here, bill, look at what's happening in detroit. now look what's happening in chicago. if this is going to be a model for municipalities and state governments around the country, what is that going to do to wages? what is that going to do to spending? it's going to reduce it. so consumption, u.s. as 70% consumption has got to go down. i don't see a scenario where we have strong gdp growth. as rick santelli says all the time, rational thinking eventually has to come into play. i think we're starting to see that. >> there are, if you look at the corporate sector, we're certainly seeing leverage pick up there. if you look at households, they've largely improved their balance sheet already. we're seeing signs they're taking on credit in areas like autos and understandably student loans as well. if that conti
drag on our economy. i think the gdp numbers holly just talked about in terms of what's going to happen first and second quarter of next year, i think that's completely accurate. what's really interesting here, bill, look at what's happening in detroit. now look what's happening in chicago. if this is going to be a model for municipalities and state governments around the country, what is that going to do to wages? what is that going to do to spending? it's going to reduce it. so consumption,...
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Dec 7, 2013
12/13
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KQED
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is there a connection between rebound in the economy and the healthcare act? >> the link is that this law all thetually for attention to it now is more than three years old, that, you know, jobs growth, you might say, despite the affordable care act, despite the predictions from republicans and its other opponents that this killer, theob consistent description for it, and jay carney opened up his houseng at the white today by suggesting that the eachgrowth consecutively month have coincided with the time period in fact the affordable care act has been on the books. gwen: is that plausible? >> no. the one case they do have is that there are fewer people part-time involuntarily and that was supposed to be something that was going to happen because of the affordable care act. it looks like the shutdown and all that furor didn't really stop the economy. gwen: the word they've been using instead is because the resilient is why it's happened. that's the good news part of it goes so far because just under the surface, there was a lot of evidence of uncertainty. heade
is there a connection between rebound in the economy and the healthcare act? >> the link is that this law all thetually for attention to it now is more than three years old, that, you know, jobs growth, you might say, despite the affordable care act, despite the predictions from republicans and its other opponents that this killer, theob consistent description for it, and jay carney opened up his houseng at the white today by suggesting that the eachgrowth consecutively month have...
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Dec 5, 2013
12/13
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ALJAZAM
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you may think that's bad news for the economy. over the long run that's true but in first lo but low productivity growth is an omen. >> good to see you. six big global banks accused of colluding to create line libor, setting the interest rate from everything, student loans to credit cards. citibank will play another $95 million as part of the settlement. as debated for three years now the rule could be a harsh reality for wall street. they're expected to pass a stricter version of the letter to keep from making speculative trades. they can't use your fossed mountain or cheaper borrowed money for trading. i have a full plate today but as we get close for next tuesday i'm going to make sure that we explain the control rule to you. doctor, doctor, why won't you take my obama insurance. why many physicians fear obama will hurt their bottom line and they've decided not to participate. and then pay your damn parking tickets. we'll have that story when we return. >> this isn't a new channel, this is a watershed moment in media for americ
you may think that's bad news for the economy. over the long run that's true but in first lo but low productivity growth is an omen. >> good to see you. six big global banks accused of colluding to create line libor, setting the interest rate from everything, student loans to credit cards. citibank will play another $95 million as part of the settlement. as debated for three years now the rule could be a harsh reality for wall street. they're expected to pass a stricter version of the...
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Dec 4, 2013
12/13
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CSPAN2
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the economy didn't always work for everyone. racial discrimination locked millions out of poverty or out of opportunity. women were too often confined to a handful of often poorly paid professions and it was only through painstaking struggle that more women in i nor days and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post-world war two years the economic ground felt stable and secure for most americans. and the future looks brighter than the past. and for some that meant following in your old man's footsteps at the local plant and you knew that a blue-collar job would buy you a home and a car and maybe a vacation once in a while, health care and a reliable pension. for others it meant going to college. in some cases may be the first in your family to go to college. and it meant graduating without taking on loads of debt and being able to count on advancement through a vibrant job market. now it's true that those at the top even in those years c
the economy didn't always work for everyone. racial discrimination locked millions out of poverty or out of opportunity. women were too often confined to a handful of often poorly paid professions and it was only through painstaking struggle that more women in i nor days and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post-world war two years the economic ground felt stable and secure for most americans. and...
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>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps duto that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three americans getting assistance. and it m
>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65%...
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if it believes that this economy its market is being threatened by the possibility of fewer european good coming into ukraine and later on. i think that the russia perfectly has the right to act according to its national interests as long as it does not violate the international arrangements. russia has made because first of all we have the framework of the a w t or world trade organization and there were some clear big issues that russia took and including that if there were some problems with the partners inside of w two or there are some instruments to solve that then if you remember in ukraine when ukraine was giving away its nuclear arms there was a special treaty and russia was part of that which clearly said that russia is never going to use economic pressure and some other kinds of pressure to influence their transposition so many people in ukraine clearly please see that russia russia went into the zone which was very close to elation ofis international obligations but the. once again it's not it's not just legal framework i think it's much more about the way this pressure w
if it believes that this economy its market is being threatened by the possibility of fewer european good coming into ukraine and later on. i think that the russia perfectly has the right to act according to its national interests as long as it does not violate the international arrangements. russia has made because first of all we have the framework of the a w t or world trade organization and there were some clear big issues that russia took and including that if there were some problems with...
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Dec 7, 2013
12/13
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ALJAZAM
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good news for the white house and the economy. we'll see if it sustains into the fourth quarter and next month, and whether the deadline in washington. january the 15th, coming to an agreement. >> despite the economic news, 11 million americans are unemployed. since the recession, women have fared better than men in finding jobs. that's as more and more women are choosing to stay single and financially independent. >> marion luggett got married at 16, left her husband at 19. wanda was married at 17 and divorced later. >> i'm not going to depend on a >> i don't think i would have stepped out boldly or been successful if i had still been married. it's stad -- sad but true. >> these are two reflections of the marriage rate. half a century ago 61% of the population was married. now it's down to 35%. divorce is more common over the same period. from nine divorced women the rate climbs to 21 per thousand. marion and wanda represent the economic disparities. >> they haven't been used in 30-40 years. now they are going be developed into a
good news for the white house and the economy. we'll see if it sustains into the fourth quarter and next month, and whether the deadline in washington. january the 15th, coming to an agreement. >> despite the economic news, 11 million americans are unemployed. since the recession, women have fared better than men in finding jobs. that's as more and more women are choosing to stay single and financially independent. >> marion luggett got married at 16, left her husband at 19. wanda...
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Dec 3, 2013
12/13
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ALJAZAM
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the economy is making a comeback. thanks for joining us. >> straight ahead, from the results of holiday shopping to its origins, how did cyber monday start. why are the 12 days of christmas gifts more expensive. later spacex seemed like the wave of the future. why are they having a hard time getting off the ground? >> today's data dive shops up a storm to find out how much the 12 days of christmas will cost you. if your true love from to give you to you 12 drummers drum, 11 pipers piping and so on, your true love would be broke $27,000 broke. that's up 8% over last year's costs according to the p&c christmas price index. you ask people to look this stuff up. if your true love from to buy. all: the items in -- all the items in august. $115,000 - you'd have to declare bankruptcy. that's way above inflation. over the 30 years the index was calculated it averaged the same as the u.s. inflation rate. what is responsible for the jump in prices? union costs. the eight maids amilking or nine laties dancing are more expensive
the economy is making a comeback. thanks for joining us. >> straight ahead, from the results of holiday shopping to its origins, how did cyber monday start. why are the 12 days of christmas gifts more expensive. later spacex seemed like the wave of the future. why are they having a hard time getting off the ground? >> today's data dive shops up a storm to find out how much the 12 days of christmas will cost you. if your true love from to give you to you 12 drummers drum, 11 pipers...
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all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change. >> i think that the preponderance of evidence is that income is at the top half versus everyone else over the last two decades. whether that's a problem or not, it is completely unclear when you actually read all of the research that is done on it. and the other point i would make is that within the bottom 80%, the vast majority of the american population, income inequality has grown since the 1980s and in a lot of ways, that is the part that maybe we would be worried about. >> let's talk about one thing that has changed. after the 50s and 60s, when we ha
all of the things that we are not doing for our economy. the missing stimulus money, where is all about? the billions and trillions that we are spending on education and not having any effect. in government isn't working. but we don't entrust how to be in a in a new economic society and that scott said, this has been going on for decades. gerri: to your point, income inequality is growing. 1992, the share of income by the top 5% in 2002, comparing and contrasting. that is not a big change....
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Dec 7, 2013
12/13
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economy. if you are under 30 -- up next is mike from sun city california. i put this all on barack obama. it is his philip -- it is his philosophy in terms of growing government is causing all this anguish. this is coupled with obamacare, which is a total nightmare. i premium has gone up. this is ridiculous. what is usually created is the new underclass, the educated poor. the man does not care about free enterprise. wants government in charge of everything. it is a different philosophy than a republican would have. that if romney were elected, we would be coming out of this by now. with all this government regulation and the government goes -- the government knows best and comes first, as sky has never worked hard. arrogant,most polarizing, racist president we have ever had. the only people making excuses for him are the morally weak and politically correct liberal white apologists and the plaque -- and the black racists in the name of political correctness. everyone else is realistic enough
economy. if you are under 30 -- up next is mike from sun city california. i put this all on barack obama. it is his philip -- it is his philosophy in terms of growing government is causing all this anguish. this is coupled with obamacare, which is a total nightmare. i premium has gone up. this is ridiculous. what is usually created is the new underclass, the educated poor. the man does not care about free enterprise. wants government in charge of everything. it is a different philosophy than a...
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iceland's alive and kicking the country's economy has rebounded after the recession which struck hard five years ago with a stage treating its own path to financial well being instead of trying to save its bankrupt banks government let them go to the wall the leadership then decided to reject a last deposit repayment scheme swayed by protesters who said the plan was unfair instead every household in the country will now have twenty four thousand euros written off their mortgage banking executives accused of causing a crisis in the first place are also being pursued by the state professor bob binary economics rodney shakespeare believes that iceland is setting a remarkable example. you must rely on your own national bank for your own use is for your own well economy and for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got greece you've got iceland but you've got every country in the world is being tracked into increasing debt and all that happens is that they increase the levels of the debt and smash the populations down we need to re
iceland's alive and kicking the country's economy has rebounded after the recession which struck hard five years ago with a stage treating its own path to financial well being instead of trying to save its bankrupt banks government let them go to the wall the leadership then decided to reject a last deposit repayment scheme swayed by protesters who said the plan was unfair instead every household in the country will now have twenty four thousand euros written off their mortgage banking...
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you must rely on your own national bank for your own uses for your own will economy for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got greece you've got iceland but you've got every country in the world is being tracked into increasing debt and all that happens is that they increase the levels of the debt and smash the populations down we need to revolt against this global financial system and in its own way iceland is setting a reasonable example thank you iceland. now the international monetary fund is criticizing us lending government's policy saying there's a little space left for additional dad relief measures and by leaving the insolvent banks to fan for themselves the country's already locked down its biggest creditors and her one to two of the biggest the u.k. and germany to gauge opinion. sounds great yeah it was just to get rid of your debt was perfect because then obviously you can spend that money was the real. thing he said he was helpless families just total that so it's a chunk of money that could make a difference w
you must rely on your own national bank for your own uses for your own will economy for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got greece you've got iceland but you've got every country in the world is being tracked into increasing debt and all that happens is that they increase the levels of the debt and smash the populations down we need to revolt against this global financial system and in its own way iceland is setting a reasonable...
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Dec 7, 2013
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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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Dec 6, 2013
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economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i mean, i think -- >> it was somewhere in between. >> you're talking to somebody who continued embracing marxist policies -- >> but many people thought the country was going to go all the way down, but that didn't happen. and it didn't happen that -- the social needs versus the free market. >> well, you see, i think he came to learn that it's not about balancing the free market versus social needs, that they often converge. >> he said he had to balance the fears of the white population versus the hopes of the black populatio
economy. it is a member of the g-20. it is one of the leading countries and i know guys have put money into that country who made a lot of money there. >> they're considered one of the fragile five, as we call it. so if we start to see tapering -- right. just like indonesia or india. yes. so that's an issue. >> so either the promise was delivered, but neither the catastrophe that was feared happened in that country when it turned over from white minority rule. >> yeah, no. i...
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Dec 6, 2013
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the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're in johannesburg, how are people reacting there now? i think i can hear a bit behind you. 24 hours since the news of mandela's death broke around the world. [♪ music ] >> reporter: listen to that. people have been doing this all day, singing and dances, people here are celebrating his life. that's why they've come out in numbers. children who are eight and ten years old are saying we really don't know nelson mandela. we don't know what kind of man he was. but when they come here and see all the support, they say wow, he is a great man. we want to find mor
the economy added more than 200,000 jobs in november. it's at its lowest point in five years. >>> heavy wind is battering the southwest and it does not seem to be slowing down. sweeping across arkansas and western kentucky, and that rough, rough weather is heading east. in south africa the long good buy to nelson mandela gets under way tuesday. mandela's body will lie instate in the capitol for three days starting wednesday. he will be burredy december 15th after a state funeral. we're...
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Dec 9, 2013
12/13
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it's cost the economy severely, it's hurt job creation. as economist mark zandi recently noted as long as lawmakers stay deadlocked over the direction of the federal budget, the economic recovery will not gain momentum. so i'm very hope thankful we can reach a deal that will provide the proaftions committee with a road map for the rest of 2014 and 2015. i've heard from a lot of small businesses in new hampshire that one of the challenges they're currently facing post-government shutdown and certainly for so many small businesses and families they were hurt by that government shutdown which cost the economy about $24 billion and they're now looking at what the potential impact in the future will be from sequestration. those spending cuts have halted federal contracts in many cases for small businesses, they've caused uncertainty that's affecting job creation in hiring, and one of the new hampshire business owners who i met with recently said you hear about why c.e.o.'s are hesitant to hire, well, this is why. this uncertainty around sequest
it's cost the economy severely, it's hurt job creation. as economist mark zandi recently noted as long as lawmakers stay deadlocked over the direction of the federal budget, the economic recovery will not gain momentum. so i'm very hope thankful we can reach a deal that will provide the proaftions committee with a road map for the rest of 2014 and 2015. i've heard from a lot of small businesses in new hampshire that one of the challenges they're currently facing post-government shutdown and...
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Dec 4, 2013
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economy. he said inequality leaves the average family with less, consumer spending slows while the more concentrated wealth is less likely to result in consumer spending. the problem is inequality today is lower than it was when the economy was much stronger. look at the two biggest spikes over the last 20 years, they both came during economic booms. the first was in '99 and 2000 and then the second spike was in 2006 and 2007 just before the crisis. in fact, the top 1% had more in 2007 when unemployment was only 4.5%, than they do today. this is not to say that inequality is no the a problem and it has been growing since 2009, but even conservatives like rupert murdoch are warning about a, quote, class society and decline in opportunity but inequality driven more by rising stock markets and capital gains by the wealthy than the decline of those in the bottom. it is a byproduct of growth more than a cause of recession. i think too many people are conflating the recession with inequality. >> all
economy. he said inequality leaves the average family with less, consumer spending slows while the more concentrated wealth is less likely to result in consumer spending. the problem is inequality today is lower than it was when the economy was much stronger. look at the two biggest spikes over the last 20 years, they both came during economic booms. the first was in '99 and 2000 and then the second spike was in 2006 and 2007 just before the crisis. in fact, the top 1% had more in 2007 when...
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Dec 5, 2013
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but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led to wall street fat cats and techies. computers and robots have taken a lot of the jobs since the 1970s. the minimum wage is $7.25 an hour. president obama has suggested to bump it up to about $10 an hour. one study suggests the minimum wage should be really closer to $22 an hour. overall improvements in the economy are not being felt by most people which concerns the president who worries the american dream of working to a better life may be turning to just that: a dream. >> jonlt, thank you. the struggling economy has som
but the economy is growing. however almost all of the money that's being made is going to the very rich. since 2009 the income of the top 1% grew by 31%. money is being made, but only for about a million and a half people here. yet for everyone else, 99% of the population, their salaries have barely moved in four years, less than 1%. the richest are taking home the most since the 1920s. why? some suggest years of tax cuts for the wealthy, the growth of the finance and technology companies, led...
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Dec 2, 2013
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they focused on global economy to business investment. u.s. trade representative michael froman was one of the speakers. trade ed about the u.s. deals including the transpacific the ership agreement and transalantic partnership with europe. this is a little more than 20 minutes. >> good morning. i appreciate you joining us, ambassador. there's lots to talk about. massive agreements being negotiated in asia and europe. that in a timeay of political paralysis, the an nistration is taking aggressive tone on trade. >> what we have the most vicious now.e agenda right the transpacific partnership, 12 transalantic creative investment partnership, when two, we'llwith those have free trade with 65% to 0% of the global economy. we have three negotiations going on right now in geneva, on trade facilitation, on the elimination barriers, on the technology products and on services. thehere's a lot going on in trade side. and what we achieve these agreements and get them approved congress, it will position the u.s. very well as being a place where people wan
they focused on global economy to business investment. u.s. trade representative michael froman was one of the speakers. trade ed about the u.s. deals including the transpacific the ership agreement and transalantic partnership with europe. this is a little more than 20 minutes. >> good morning. i appreciate you joining us, ambassador. there's lots to talk about. massive agreements being negotiated in asia and europe. that in a timeay of political paralysis, the an nistration is taking...
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Dec 10, 2013
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>> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budget which it is by any other term is the worst for the economy. it kills job growth. it kills investment. it is the poorest of economics. that's why we're not fully recovered. if congress would get out of the way, i think the economy would have fully recovered. >> i want to thank both of you for being here. the rest of you, i want to you stay engaged with us. to go facebook or twitter to weigh in on our fire back question. are you happy with the budget deal? right now 40% of you say yes. 60% of you say no. the debate will continue online at cnn.com/crossfire as well as facebook and twitter. from the left. i'm van joenls and i'm happy. >> from the right, i'm s.e. cupp and i'll wait to see. join us tomorrow for another edition of "crossfire." erin burnett "outfront" starts right now. >>> co
>> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budget which it is by any other term is the worst for the economy. it kills job growth. it kills investment. it is the poorest of economics. that's why we're not fully recovered. if congress would get out of the way, i...
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Dec 10, 2013
12/13
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but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going to be -- next year if things don't start improving. >> we saw quite a bit of institutional flow out of the u.s. and into europe. is that the right move? and is that -- what would you favor, european equities over the u.s. or not? >> in the very short-term, we favor the u.s. because momentum is there. that's where the source is and i think you try and stay close to the source of the qe. european markets last week hit a bit on of a speed bump in the road. and the technical momentum picture of the european markets, france in particular, actua
but germany's economy is doing better. he's going to weigh a few things up. >> this is where at the end of the day, we all know that it's a political will to keep the european project live. to keep that live, we need to see a strong part towards monetary and fiscal union. this has gone far too far for most people's liking. if something coming up in the next 12, 18 months, it's going to be very, very difficult. and unfortunately france being the second biggest economy is potentially going...
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Dec 9, 2013
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japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson. >> i'm francine lacqua. let's get straight to the top corporate story. fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is
japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson. >> i'm francine lacqua. let's get straight to the top corporate story. fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it...
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Dec 6, 2013
12/13
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economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. >>> we do have a winner. this month's winner nailed the number on the head, a guess of 203,000. joining us this morning, brad kinegie joins us on the cnbc news line. congratulations. good to have you with us. >> thank you very much. >> part of it is getting the number right, whi
economy adding 203,000 jobs. did you nail that number? if you did, you'll be joining carl next to talk about it. we'll bring you today's nail the number winner when "squawk on the street" continues. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the put of perfection. to help secure retirements and protect financial futures. to help communities recover...
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is spending cuts to deal with their ailing economy there is no recovery in sight nor will there be for quite some time greece and to protest too but assign it to stick with brussels persist with austerity price and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the crash greece however after four years of austerity measures designed to reduce greece's public debt has instead continued to grow to one hundred seventy five percent of g.d.p. and the biggest difference of all of course greece has the euro iceland has the freedom of their own currency. well i spoke to professor of binary economics rodney shakespeare who believes in iceland is setting a remarkable example you must rely on your own national bank for your own uses for your own real economy and for the spreading and if you don't do that you'll be trapped into debt in the same way that what you got g
is spending cuts to deal with their ailing economy there is no recovery in sight nor will there be for quite some time greece and to protest too but assign it to stick with brussels persist with austerity price and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people process although foreign debt in iceland was six times higher than g.d.p. during the...
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Dec 7, 2013
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the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job particularly at the lower end. gives them a start. get on the bottom rung of the ladder and if they work at it, get their discipline they can climb the ladder of success that's the american way. if you start raising the price of labor as -- the minimum wage and i'll include unemployment insurance, then you're kind of gumming up the whole works. >> there's the argument against it. but the argument for it, unlike 20 years ago when most minimum wage workers were teenagers, most today are bringing home more than half of their family income. t
the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job...
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Dec 6, 2013
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the economy there collapsed. that plays into capitalism. >> when he was elected, many people did not know who he was. we are still learning about him and his time. also, his interactions with the poor. he is someone who is always reached out. >> the phrase that i use is ripped up the script. we just saw images of desmond tutu. the anglican experience against the africana experience in south africa. with in the religion of south africa, there has been so much to mull. -- tumult. catholic, what do you see for south africa as they try to move forward? this is a huge issue. >> nelson mandela was a huge, unifying figure. even in the last years of his life, he still helped people together. what will happen among these groups in the coming days and years will be critical. >> when you see south africa, do you perceive that religion still is front and center? i believe that he was in a methodist school coming out of the tribes way back. his religion still important there? >> i think that the anglican church still has a pr
the economy there collapsed. that plays into capitalism. >> when he was elected, many people did not know who he was. we are still learning about him and his time. also, his interactions with the poor. he is someone who is always reached out. >> the phrase that i use is ripped up the script. we just saw images of desmond tutu. the anglican experience against the africana experience in south africa. with in the religion of south africa, there has been so much to mull. -- tumult....
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Dec 4, 2013
12/13
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the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full wrap up on his program as well. >>> in the meantime, what a story. his wife as blujenned to death in the home right in front of his three-year-old son. and he was made the only suspect in the case. he was convicted and sentenced to a life in prison. here is the worst part. he did not do it. dna evidence exonerated him. and he and his attorney is going to join me live to talk about this, coming up next. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know,
the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full...
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Dec 9, 2013
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japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson.
japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson.
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has dwindled to the lowest levels since the great depression low interest rates a sluggish economy and regulations have all taken their toll on the banking sector now the decline in banking numbers has come entirely in the form of big exiting banks with less than one hundred million dollars in assets left on their books and the bulk of those departures occurred between one thousand nine hundred four and two thousand and eleven now f.d.i.c data shows that more than ten thousand banks left the industry during this period as the result of mergers and consolidations while about seventeen percent of the banks collapsed all together now the number of federally insured institutions nationwide shrank to six thousand eight hundred ninety one in the third quarter now that's falling below the seven thousand number that it was for the first time since the federal regulation began keeping track in one nine hundred thirty four it's a long time now the number of physical bank branches in the u.s. is also shrinking from the end of two thousand and nine through june thirtieth of this year the total num
has dwindled to the lowest levels since the great depression low interest rates a sluggish economy and regulations have all taken their toll on the banking sector now the decline in banking numbers has come entirely in the form of big exiting banks with less than one hundred million dollars in assets left on their books and the bulk of those departures occurred between one thousand nine hundred four and two thousand and eleven now f.d.i.c data shows that more than ten thousand banks left the...
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Dec 10, 2013
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do you think that boosts the economy? >> i think one of the biggest problems that we faced, certainly coming out of the worst recession of our lifetimes but it really predates that through all of the 2000s you had median family income. just the family right in the middle falling $2,000 over the course of what was supposed to be the boom and then the second blow to them was a terrible recession. so, the hollowing out of the middle class and the fact that ordinary people like the people on the segment or, you know, millions of people around the country not being able to keep up is a big mac roeconomic problem. more than just a microproblem facing their families. the fact that the number one biggest problem facing small business in the country by their own admission is that people can't afford to buy their products. i think we got to confront that. if we don't start rebuilding the income growth coming from the middle, we don't have a sustainable growth model. >> we'll talk solutions in just a moment here. but i want you to s
do you think that boosts the economy? >> i think one of the biggest problems that we faced, certainly coming out of the worst recession of our lifetimes but it really predates that through all of the 2000s you had median family income. just the family right in the middle falling $2,000 over the course of what was supposed to be the boom and then the second blow to them was a terrible recession. so, the hollowing out of the middle class and the fact that ordinary people like the people on...
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Dec 3, 2013
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economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last couple months. starting to fall apart. brent poor, two to one event declining. buyer interest, how much do you buy at the bottom? nonexistent today. the dow, we've been down t
economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the...